LPL Financial's Q2 Earnings Beat on Higher Revenues, Stock Jumps

Key Takeaways LPL Financial posts Q2 EPS of $4.51, beating estimates and rising 16% year over year.Revenues surged 31% to $3.84B, aided by brokerage and advisory asset growth.Total client cash balances rose 15% to $50.6B, while total assets hit $17.47B.Shares of LPL Financial (LPLA) gained 3.1% in after-hours trading following the release of better-than-expected second-quarter results. Adjusted earnings of $4.51 per share handily outpaced the Zacks Consensus Estimate of $4.21. The bottom line also grew 16% ...